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re: Ever wondered how much $$$$ your friends and neighbors got in PPP loans? SBA Look here.
Posted on 7/15/21 at 10:43 am to AUin02
Posted on 7/15/21 at 10:43 am to AUin02
quote:
2 companies I know received it aren't in the listing for Alabama, I'd assume they missed a whole bunch of others.
You may not know their LLC or business name their EIN is filed under. Tons of businesses have EIN's or work under umbrellas of something else.
0
Posted on 7/15/21 at 10:43 am to Tomatocantender
quote:What books were cooked? Catholic easily has over 750k in monthly payroll, their PPP amount is in line
So let's just elevate to the 30k view to alleviate your bias for one school. The And? as you said is only a blind fool could not see that books were cooked and manipulated to squeeze out free money from the Gubment.
You don’t know your arse from a hole in the ground here. PPP was not based on need, it was based on your monthly payroll amount for the amount received, and it was about using it on payroll and other expenses
This post was edited on 7/15/21 at 10:45 am
Posted on 7/15/21 at 10:45 am to Tomatocantender
Showing a need wasn’t a requirement for the loan or its forgiveness. Also, they were given at a time of great uncertainty, where the implications for many were up in the air.
quote:There is no doubt, but the average poster can’t determine that just because a particular business received a loan unless they are privy to payroll and other financial information.
only a blind fool could not see that books were cooked and manipulated to squeeze out free money from the Gubment.
Posted on 7/15/21 at 10:46 am to tigerfoot
quote:
I can vouch that the list is not accurate, I received PPP loan and it is not listed.
My company was listed last time I looked and we did not receive any funds.
Posted on 7/15/21 at 10:46 am to Tomatocantender
quote:
I get it, you are an alum of Catholic or have a kid there. If you can't understand what I said then it's really no point in having this discussion.
Im not and understand what you are saying, it's just stupid.
quote:
The And? as you said is only a blind fool could not see that books were cooked and manipulated to squeeze out free money from the Gubment.
Are you under the impression a private school pays all of its expenses and derives all of its revenue from tuition?
Posted on 7/15/21 at 10:47 am to BottomlandBrew
It saved all my employees, as well as myself. I was about to lose them all. I even sold my f350 to cover payroll and then got the funds 2 days later. Sure wish I wouldn’t have sold it but hindsight is 20/20 and I was scared for them and their families.
Posted on 7/15/21 at 10:48 am to WDE24
quote:
Showing a need wasn’t a requirement for the loan or its forgiveness
Not really the case at all. In fact, quite the opposite at the time of the initial applications. Many legit businesses that were doing well actually withdrew their applications because they were worried the government may come down on them with penalties if they couldn't show losses at the time.
Most of the fraud was not committed in the April, May, and June for the first and second round. Most of it was committed much after that when it appeared how much money and how easy it was to get, and that the government likely wasn't coming after most people.
Posted on 7/15/21 at 10:48 am to lsupride87
quote:
PPP was not based on need, it was based on your monthly payroll amount for the amount received,
You are gaslighting. The monthly payroll amount had to factor in if a school like Catholic already had that nut covered by pre-paid tuition and things like that. But because it was a free-for-all due to uncertainty, there were many loopholes that could be exploited. Get your head out of your arse and stop being obtuse.
Posted on 7/15/21 at 10:48 am to Mingo Was His NameO
He is under the assumption like many are that PPP was only for companies that “needed it”
He is the same person that screams at Trump for “PAYING SO LITTLE IN TAXES!!!”
He is the same person that screams at Trump for “PAYING SO LITTLE IN TAXES!!!”
Posted on 7/15/21 at 10:49 am to Mingo Was His NameO
quote:
Are you under the impression a private school pays all of its expenses and derives all of its revenue from tuition?
That's excatly what's he's saying...he's an idiot
I assure you, Catholics bean counters crossed every t and dotted every i and worked closely with the bank to make sure they were falling within the guidelines that were changing almost daily...I didnt do shite...I let my CPA and banker fill in all the lines....I didnt want to mess up...all I had to do was prove them with some internal business info and list my expenses
Posted on 7/15/21 at 10:49 am to Tomatocantender
quote:Its not a loophole, it’s simply how the entire thing worked
You are gaslighting. The monthly payroll amount had to factor in if a school like Catholic already had that nut covered by pre-paid tuition and things like that. But because it was a free-for-all due to uncertainty, there were many loopholes that could be exploited. Get your head out of your arse and stop being obtuse.
Apply for amount based on payroll
Use amount for payroll and other expenses
Posted on 7/15/21 at 10:50 am to DarthGadget
Baton Rouge Water Company took out 2-5 million... I still got and paid my bill
Posted on 7/15/21 at 10:50 am to Tomatocantender
quote:
The monthly payroll amount had to factor in if a school like Catholic already had that nut covered by pre-paid tuition and things like that. But because it was a free-for-all due to uncertainty, there were many loopholes that could be exploited.
one more time.....you realize that tuition is not their only revenue stream?
Posted on 7/15/21 at 10:50 am to tgrbaitn08
quote:Much like the oil spill, I helped MANY companies that made more money during covid than ever before, and they all applied for PPP like they should have
idiot
I assure you, Catholics bean counters crossed every t and dotted every i and worked closely with the bank to make sure they were falling within the guidelines that were changing almost daily...I didnt do shite...I let my CPA and banker fill in all the lines....I didnt want to mess up...all I had to do was prove them with some internal business info and list my expenses
Posted on 7/15/21 at 10:50 am to WDE24
quote:
they were given at a time of great uncertainty, where the implications for many were up in the air.
This is a good point that needs to be repeated. No one knew what would happen. April 2020 was a shite show of uncertainty. Even if your business was not yet impacted at the time the first round came out, you had no way of knowing if it would be impacted in the future. The smart move for unaffected companies would be to preemptively take the money in case things went further south. I don't fault anyone for doing that.
Posted on 7/15/21 at 10:51 am to DarthGadget
ver wondered how much $$$$ your friends and neighbors got in PPP loans? "
No. Never-not once.
No. Never-not once.
Posted on 7/15/21 at 10:51 am to tgrbaitn08
quote:Even if it was it doesn’t matter
one more time.....you realize that tuition is not their only revenue stream?
Posted on 7/15/21 at 10:51 am to Tomatocantender
quote:
The monthly payroll amount had to factor in if a school like Catholic already had that nut covered by pre-paid tuition and things like that.
If I were Catholic, I would be very very worried that my enrollment was going to drop 25% or more due to the pandemic causing a large drop in revenue.
And also explain what "things like that" are.
Posted on 7/15/21 at 10:51 am to baldona
quote:
Most of the fraud was not committed in the April, May, and June for the first and second round. Most of it was committed much after that when it appeared how much money and how easy it was to get, and that the government likely wasn't coming after most people.
The bigger problem with the first round was how the banks processed applications. I know of two people who applied with a large bank who drug their feet on their application, and by the time they got to their application, there were no more funds available. I have n doubt there were some shenanigans going on behind the scenes with some banks on how they prioritized applications.
Posted on 7/15/21 at 10:52 am to lsupride87
quote:
Even if it was it doesn’t matter
I understand that...but he keeps saying the same dumb shite over and over which just proves he doenst know what he's talking about
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